Russia Financial News

By David Morgan and Richard Cowan

Sri Lanka’s bustling Colombo airport is busier than it has been in the past few years. Last year, the country welcomed 1.5 million tourists, a fifth of them from India. Long-stay Russians number 300,000 and have transformed some of the country’s southern resort towns, not always for the better.

The White House earlier Wednesday announced an executive order intended to help restrict the transfer of personal data to China, Russia and other countries on security grounds.

Alexei Navalny's funeral will be held in Moscow on Friday, his wife Yulia announced, but she said she was unsure if it would pass off peacefully and that plans for a civil memorial service had been blocked. Kira Yarmysh, Navalny's spokesperson, posted on X that a service for Navalny would be held on Friday afternoon in the Church of the Icon of the Mother of God in the Moscow district of Maryino where Navalny used to live. Navalny would then be buried at the Borisovskoye cemetery, around 2.5 km (1.5 miles) away on the other side of the Moskva River.

₹6,495 per bbl, having swung between ₹6,456 and ₹6,598 per bbl during the session, against a previous close of ₹6,514 per barrel. -Analysts attributed the price falls to profit-taking plus a combined response to a surge in US crude stocks and continuing hopes of a Gaza ceasefire deal in coming days.

President Joe Biden is signing an executive order aiming to better protect Americans’ personal data on everything from biometrics and health records to finances and geolocation from foreign adversaries like China and Russia

CHISINAU (Reuters) — Officials of the Russian-backed Moldovan breakaway region of Transdniestria asked Russia on Wednesday to help protect it from what it what described as concerted economic pressure by the Moldovan government.

By Marcela Ayres and Christian Kraemer

National Aeronautics and Space Administration (NASA) on Wednesday said a ‘potential collision’ is expected between two satellites one from the US and the other from Russia about 600 km above the earth on February 28 which could result in significant debris generation. The two satellites on collision course are Nasa’s Thermosphere Ionosphere Mesosphere Energetics and Dynamics (TIMED) mission spacecraft and the Russian Cosmos 2221 satellite. “The two non-maneuverable orbiting spacecraft are expected to make their closest pass at about 1:30 am EST on Wednesday, Feb.

Financial Times claimed to have access to these "secret" military files through "Western sources". It reveals the criteria set by Russia for the use of nuclear weapons. These files "date back 10 years and more [between 2008 and 2014]".

Mahesh Patil, CIO, ABSL AMC, talking to ET Now at the sidelines of ABSL Voyage 2024, says “the theme of our event is Dominant Bharat. If you really believe that Bharat is going to be the third largest economy in the next seven years, and the GDP is going to grow at 7% plus, then you will see a lot of opportunities emerging. Corporate India growth has been very strong in the last two years and will continue to grow at a double digit rate. If that is the case, then while markets might consolidate a bit in the near term because of the huge outperformance, you will still make the long-term returns the markets have given.” 30 years of wealth management, 30 years of superlative CAGR returns. They say good news and good prices rarely come together. Right now, the news is great. But when the news is great, prices are bad. What is the way forward? What should be the message from Birla AMC? And what should be the takeaway for them? Mahesh Patil: Yes, good morning and welcome to this voyage event. I think we have been through this occasion and we have been trying to put forward our views. Okay, every time we come, okay, and talk over here, we are always worried. The market has reached a peak now. That is a common question which is there. But you are right, Last one year has been unprecedented. The kind of returns that we have seen and the market has been climbing the wall of worry.

Investing.com-- Gold prices moved in a flat-to-low range on Wednesday, extending their recent run of muted performance as anxiety over higher-for-longer U.S. interest rates persisted ahead of key economic readings.

Russian allies are “interested” in using CBDCs like the digital ruble for cross-border settlements, a lawmaker said on February 26.

By Andrea Shalal

G20 finance ministers will meet Wednesday in Brazil, seeking ways to shore up a global economy whose nascent recovery is threatened by a raft of conflicts and crises, including the wars in Ukraine and Gaza. The Ukraine war could take center stage at the meeting, with G7 countries due to meet on the sidelines to discuss shoring up Western support against Russia's invasion — including what US Treasury Secretary Janet Yellen called an «urgent» proposal to use frozen Russian assets to increase aid for Kyiv.

nuclear weapons against each other or make a political statement in this regard, the Chinese foreign ministry's arms control department said. Director general of the department, Sun Xiaobo, called on nuclear states to fulfil their «special and priority responsibilities» on nuclear disarmament according to the U.N. Conference on Disarmament, which seeks to prevent nuclear war, official news agency Xinhua said on Wednesday. During the forum's weekly meeting in Geneva on Monday, Sun said the body should define a roadmap or timetable for an international legal instrument that would protect non-nuclear-weapon states from the threat of nuclear weapons.

Germany and Poland affirmed Tuesday that they would not be sending troops to Ukraine, after reports that some Western countries may be considering doing so as the war with Russia enters its third year. The head of NATO also said the U.S.-led military alliance has no plans to send troops to Ukraine, after other central European leaders confirmed that they too would not be providing soldiers. The Kremlin, meanwhile, warned that a direct conflict between NATO and Russia would be inevitable if the alliance sends combat troops. «In this case, we need to talk not about probability, but about the inevitability (of conflict),» Kremlin spokesman Dmitry Peskov told reporters.

IMF and the first person from an emerging market economy. Keeping Georgieva on for a second term would answer longstanding concerns raised by emerging market and developing countries over the US-European duopoly at the two global financial institutions, the IMF and World Bank.

Ukrainian President Volodomyr Zelenskyy has arrived to Saudi Arabia and met the kingdom’s powerful crown prince to push for a peace plan and the return of prisoners of war from Russia

The prime ministers of the Czech Republic, Hungary, Poland and Slovakia says the four Central European countries are deeply divided over Russia's war against Ukraine and how to resolve the conflict

The African nation of Congo has become the latest exporter of liquified natural gas as it launched production of the first cargo load a year after the Italian energy company ENI launched the Congo LNG project with local partners